SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline down.
A bearish trend downwards to the next support level at 0.002268000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.002311000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002322500 |
| 2nd High | 0.002313800 |
| Next High | 0.002311000 |
| Current Price | 0.002265100 |
| Next Low | 0.002268000 |
| 2nd Low | 0.002242000 |
| 3rd Low | 0.002148100 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing